Yoder Wealth Management Inc. Purchases New Stake in ServiceNow, Inc. (NYSE:NOW)

Yoder Wealth Management Inc. purchased a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 232 shares of the information technology services provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also made changes to their positions in NOW. Brookstone Capital Management raised its position in shares of ServiceNow by 9.1% during the 1st quarter. Brookstone Capital Management now owns 11,466 shares of the information technology services provider’s stock valued at $8,742,000 after acquiring an additional 957 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in ServiceNow by 15.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 4,624 shares of the information technology services provider’s stock worth $3,526,000 after buying an additional 618 shares during the period. Chesley Taft & Associates LLC increased its position in ServiceNow by 0.9% in the first quarter. Chesley Taft & Associates LLC now owns 3,810 shares of the information technology services provider’s stock worth $2,905,000 after buying an additional 35 shares during the period. Thrive Wealth Management LLC increased its position in ServiceNow by 7.7% in the first quarter. Thrive Wealth Management LLC now owns 390 shares of the information technology services provider’s stock worth $297,000 after buying an additional 28 shares during the period. Finally, 180 Wealth Advisors LLC increased its position in ServiceNow by 15.4% in the first quarter. 180 Wealth Advisors LLC now owns 1,226 shares of the information technology services provider’s stock worth $935,000 after buying an additional 164 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ServiceNow

In related news, insider Jacqueline P. Canney sold 804 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $812.00, for a total value of $652,848.00. Following the sale, the insider now owns 3,027 shares of the company’s stock, valued at $2,457,924. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Russell S. Elmer sold 1,937 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the completion of the sale, the general counsel now owns 6,736 shares in the company, valued at $5,252,800.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jacqueline P. Canney sold 804 shares of ServiceNow stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $812.00, for a total value of $652,848.00. Following the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $2,457,924. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,467 shares of company stock valued at $4,450,447 in the last 90 days. 0.25% of the stock is owned by corporate insiders.

ServiceNow Stock Performance

Shares of NYSE:NOW traded up $53.93 during trading on Thursday, hitting $961.61. 1,506,349 shares of the stock were exchanged, compared to its average volume of 1,276,344. ServiceNow, Inc. has a 1-year low of $527.24 and a 1-year high of $979.78. The company has a market capitalization of $197.13 billion, a price-to-earnings ratio of 104.60, a price-to-earnings-growth ratio of 5.63 and a beta of 0.99. The company’s fifty day simple moving average is $880.60 and its 200-day simple moving average is $795.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.85 by $0.28. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. ServiceNow’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. Sell-side analysts expect that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on NOW. Guggenheim reaffirmed a “sell” rating and issued a $640.00 target price on shares of ServiceNow in a research report on Monday, July 8th. Jefferies Financial Group increased their target price on ServiceNow from $900.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Canaccord Genuity Group increased their target price on ServiceNow from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI increased their target price on ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets raised their price target on ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and an average target price of $958.00.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.